Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The prices for Superalloys climbed across most grades on Thursday in tandem with the increase in the LME Nickel market.


The weekly Davis Index for Hastelloy C rose by 0.4¢/lb to $4.79/lb for a single truckload delivered processor yard and increased for Hastelloy X by the same amount to $3.20/lb delivered.


The index for Inconel 600 also moved up by 8¢/lb to $4.27/lb delivered and increased by 6¢/lb for Inconel 601 to $3.40/lb delivered processor yard.


Inconel 617 grew by 6¢/lb to $3.18/lb delivered processor yard, while Inconel 625 Vac jumped by 11¢/lb to $3.73/lb delivered. The Inconel 718 Vac index jumped by 7¢/lb at $2.82/lb delivered processor yard on Thursday.


The official LME Nickel cash contract closed Thursday at $16,519/mt, up by $523/mt from $15,996/mt on Dec 3.


Scrap remains tight for all stainless-steel grades and the lower prices for oil and gas have impacted the higher temp grades by reducing projects at refineries and therefore generating less scrap.

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